<SEC-DOCUMENT>0001157523-19-001442.txt : 20190626
<SEC-HEADER>0001157523-19-001442.hdr.sgml : 20190626
<ACCEPTANCE-DATETIME>20190626115151
ACCESSION NUMBER:		0001157523-19-001442
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181231
FILED AS OF DATE:		20190626
DATE AS OF CHANGE:		20190626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CULP INC
		CENTRAL INDEX KEY:			0000723603
		STANDARD INDUSTRIAL CLASSIFICATION:	BROADWOVEN FABRIC MILLS, COTTON [2211]
		IRS NUMBER:				561001967
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			0429

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12597
		FILM NUMBER:		19920697

	BUSINESS ADDRESS:	
		STREET 1:		1823 EASTCHESTER DRIVE
		CITY:			HIGH POINT
		STATE:			NC
		ZIP:			27265
		BUSINESS PHONE:		3368895161

	MAIL ADDRESS:	
		STREET 1:		P O BOX 2686
		CITY:			HIGH POINT
		STATE:			NC
		ZIP:			27265
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>a52004092.htm
<DESCRIPTION>CULP, INC. 11-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">Washington, DC&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 11-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Annual Report pursuant to Section 15(d) of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">For the fiscal year ended December 31, 2018</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">COMMISSION FILE NO. 1-12597</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">A.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;">Full title of the Plan and the
        address of the Plan, if different from that of the issuer named below:</font></div>
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          <tr>
            <td style="width: 100%; font-weight: bold; background-color: rgb(219, 219, 219); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">CULP, INC.&#160;&#160; EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
            </td>
          </tr>

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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">B.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;">Name of issuer of the securities
        held pursuant to the Plan and the address of its principal executive office:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt; font-weight: bold;">&#160;&#160;&#160;CULP, INC.</div>
    <div style="text-align: justify; text-indent: 72pt; font-weight: bold;">&#160;&#160;&#160;1823 EASTCHESTER DRIVE</div>
    <div style="text-align: justify; text-indent: 72pt; font-weight: bold;">&#160;&#160;&#160;HIGH POINT, NORTH CAROLINA 27265</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">There were no material changes in the Plan or the Investment Policy of the Plan.&#160; Culp, Inc. has made no profit-sharing contributions during the past five years.&#160; The number of participants in the
      Plan at December 31, 2018 was 995. The Retirement Committee administers the Plan, and its members are Franklin N. Saxon, Kenneth R. Bowling, and Teresa A. Huffman, all employees of Culp, Inc.</div>
    <br>
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          <tr>
            <td rowspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" style="width: 40%; font-weight: bold;"><u>Financial Statements and Exhibits</u></td>
            <td colspan="2" rowspan="1" style="font-weight: bold;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
            <td rowspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" style="width: 40%; font-weight: bold;">&#160;</td>
            <td colspan="2" rowspan="1" style="font-weight: bold;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
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            <td colspan="4" rowspan="1" style="width: 40%; font-weight: bold;">(a)&#160; Financial Statements.&#160; A list of all financial statements filed as part of this report, beginning on page 1, is set forth below:&#160;</td>
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          <tr>
            <td rowspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" style="width: 40%; font-weight: bold;">&#160;</td>
            <td colspan="2" rowspan="1" style="font-weight: bold;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%; font-weight: bold;">
              <div><u>Financial Statements</u></div>
            </td>
            <td colspan="2" rowspan="1" style="font-weight: bold;">
              <div style="text-align: center;"><u>Page of Report</u></div>
            </td>
            <td colspan="1" style="width: 39%;">&#160;</td>
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            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%;">
              <div>&#160;</div>
            </td>
            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td colspan="1" style="width: 7%;">&#160;</td>
            <td colspan="1" style="width: 39%;">&#160;</td>
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            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%; font-weight: bold;">
              <div>Report of Independent Registered Public Accounting Firm</div>
            </td>
            <td style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">
              <div>1</div>
            </td>
            <td colspan="1" style="width: 7%;">&#160;</td>
            <td colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%; font-weight: bold;">
              <div>Statements of Net Assets Available for Benefits</div>
            </td>
            <td style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">
              <div>3</div>
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            <td colspan="1" style="width: 7%;">&#160;</td>
            <td colspan="1" style="width: 39%;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%; font-weight: bold;">
              <div>Statements of Changes in Net Assets Available for Benefits</div>
            </td>
            <td style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">
              <div>4</div>
            </td>
            <td colspan="1" style="width: 7%;">&#160;</td>
            <td colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%; font-weight: bold;">
              <div>Notes to Financial Statements</div>
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            <td style="width: 7%; text-align: right; vertical-align: bottom;">
              <div><font style="font-weight: bold;">5</font><br>
              </div>
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            <td colspan="1" style="width: 7%;">&#160;</td>
            <td colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
            <td style="width: 7%;">
              <div>&#160;</div>
            </td>
            <td style="width: 40%; font-weight: bold;">
              <div>Schedule of Assets (Held at End of Year)</div>
            </td>
            <td style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">
              <div>11</div>
            </td>
            <td colspan="1" style="width: 7%;">&#160;</td>
            <td colspan="1" style="width: 39%;">&#160;</td>
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            <td rowspan="1" style="width: 40%; font-weight: bold;">&#160;</td>
            <td rowspan="1" style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
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          <tr>
            <td rowspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" style="width: 40%; font-weight: bold;">(b)&#160; <u>Exhibits</u></td>
            <td rowspan="1" style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" style="width: 40%; font-weight: bold;">&#160;</td>
            <td rowspan="1" style="width: 7%; text-align: right; vertical-align: bottom; font-weight: bold;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%;">&#160;</td>
            <td colspan="2" rowspan="1" style="width: 40%; font-weight: bold;">Exhibit 23(a) &#8211; Consent of Independent Registered Public Accounting Firm&#160;</td>
            <td rowspan="1" colspan="1" style="width: 7%;">&#160;</td>
            <td rowspan="1" colspan="1" style="width: 39%;">&#160;</td>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SIGNATURES</div>
    <div style="font-weight: bold;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold; text-indent: 27pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the plan administrator has duly caused this annual report to be signed on its behalf by
      the undersigned hereunto duly authorized.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z9be0cbf5e41045efaf26312b896309c8">

          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%; font-weight: bold;" rowspan="1" colspan="2">
              <div>CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 67%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%; font-weight: bold;">
              <div>By:</div>
            </td>
            <td style="width: 67%; font-weight: bold;">
              <div>
                <div style="text-align: left; font-family: 'Times New Roman',Times,serif;">Culp, Inc., Plan Administrator</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%;">
              <div>&#160;</div>
            </td>
            <td style="width: 67%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%; font-weight: bold;">
              <div>By:</div>
            </td>
            <td style="width: 67%; font-weight: bold;">
              <div>The Culp, Inc. Retirement Committee</div>
            </td>
          </tr>

      </table>
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    <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;"> <br>
    </div>
  </div>
  <div><font style="font-weight: bold;">Date:&#160; June 26, 2019</font>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%; font-weight: bold;">
              <div><u>/s/ Franklin N. Saxon</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%; font-weight: bold;">
              <div style="margin-left: 9pt;">Franklin N. Saxon</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%; font-weight: bold;">
              <div><u>/s/ Kenneth R. Bowling</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%; font-weight: bold;">
              <div style="margin-left: 9pt;">Kenneth R. Bowling</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%; font-weight: bold;">
              <div><u>/s/ Teresa A. Huffman</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div>&#160;</div>
            </td>
            <td style="width: 65%; font-weight: bold;">
              <div style="margin-left: 9pt;">Teresa A. Huffman</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
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  </div>
  <div>
    <div style="font-size: 12pt; font-weight: bold;">Culp, Inc. Employees&#8217; Retirement Builder Plan</div>
  </div>
  <div>
    <div> </div>
    <div>
      <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
    <div><br>
    </div>
    <div style="font-weight: bold;">TABLE OF CONTENTS</div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 92%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; text-align: center; vertical-align: bottom;" rowspan="1" colspan="2">
              <div><u>Page No.</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%; font-weight: bold;">
              <div>Report of Independent Registered Public Accounting Firm</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>1-2</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%; font-weight: bold;">
              <div>Financial Statements</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div style="margin-left: 9pt;">Statements of Net Assets Available for Benefits</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>3</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div style="margin-left: 9pt;">&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div style="margin-left: 9pt;">Statements of Changes in Net Assets Available for Benefits</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>4</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div style="margin-left: 9pt;">&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div style="margin-left: 9pt;">Notes to Financial Statements</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>5-10</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%; font-weight: bold;">
              <div>Supplemental Information</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 92%;">
              <div style="margin-left: 9pt;">Schedule H, Line 4i - Schedule of Assets (Held at End of Year)</div>
            </td>
            <td style="width: 4%; text-align: right; vertical-align: bottom;">
              <div>11</div>
            </td>
            <td style="width: 4%;" colspan="1">&#160;</td>
          </tr>

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    <div><br>
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  </div>
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    <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
    <div>
      <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Report of Independent Registered Public Accounting Firm</div>
    <div>&#160;</div>
    <div>To the Retirement Committee of the</div>
    <div>Culp, Inc. Employees&#8217; Retirement Builder Plan</div>
    <div>High Point, North Carolina</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Opinion on the Financial Statements</div>
    <div>&#160;</div>
    <div style="text-align: justify;">We have audited the accompanying statements of net assets available for benefits of the Culp, Inc. Employees&#8217; Retirement Builder Plan (the &#8220;Plan&#8221;) as of December 31, 2018 and 2017, the related statement of changes in
      net assets available for benefits for the years ended December 31, 2018, 2017 and 2016, and the related notes (collectively, the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all material respects, the net
      assets available for benefits of the Plan as of December 31, 2018 and 2017, and the changes in net assets available for benefits for the years ended December 31, 2018, 2017 and 2016, in conformity with accounting principles generally accepted in the
      United States of America.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Basis for Opinion</div>
    <div>&#160;</div>
    <div style="text-align: justify;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on the Plan&#8217;s financial statements based on our audits. We are a public accounting firm registered
      with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities
      and Exchange Commission and the PCAOB.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
      material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of
      internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">Our audits included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures
      included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by the Plan&#8217;s management, as well as
      evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</div>
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    <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
    <div>
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    <div style="text-align: justify; font-weight: bold;">Supplemental Information</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2018 has been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial
      statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but included supplemental information required by the Department of Labor&#8217;s Rules and Regulations for
      Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental information reconciles
      to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the
      supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement
      Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.</div>
    <div>&#160;</div>
    <div>/s/ Smith Leonard PLLC</div>
    <div>&#160;</div>
    <div>We have served as the Plan&#8217;s auditor since 2012.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">High Point, North Carolina</div>
    <div>&#160;</div>
    <div>June 26, 2019</div>
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    <div>
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          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;" colspan="4">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2018 and 2017</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">ASSETS</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2017</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Investments, at fair value (Note C)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Registered investment companies</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">32,136,490</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">37,122,781</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Common and collective trust fund</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">6,655,744</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">9,044,554</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Culp, Inc. common stock</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">1,473,217</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">2,642,011</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Money market fund</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">86,206</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">130,424</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">40,351,657</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">48,939,770</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: 'Times New Roman', Times, serif;">Receivables</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Employer contributions</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">13,556</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;Participant contributions</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">37,181</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">27,764</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">37,181</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">41,320</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
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              <div style="font-family: 'Times New Roman', Times, serif;">NET ASSETS AVAILABLE</div>
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            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px;">
              <div style="font-family: 'Times New Roman', Times, serif;">FOR BENEFITS</div>
            </td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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              <div style="font-family: 'Times New Roman', Times, serif;">$</div>
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              <div style="font-family: 'Times New Roman', Times, serif;">40,388,838</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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              <div style="font-family: 'Times New Roman', Times, serif;">$</div>
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              <div style="font-family: 'Times New Roman', Times, serif;">48,981,090</div>
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    <div><br>
    </div>
    <div><font style="font-weight: bold;">See accompanying notes to the financial statements.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 3 </font></div>
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          <tr>
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              <div style="font-weight: bold;">CULP, INC. EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top;" colspan="12">
              <div style="font-weight: bold;">STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
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              <div style="font-weight: bold;">Years Ended December 31, 2018, 2017, and 2016</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
              <div style="text-align: center; font-weight: bold;"> 2018</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
              <div style="text-align: center; font-weight: bold;">2017</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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              <div style="text-align: center; font-weight: bold;">2016</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
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              <div style="font-weight: bold;">CHANGES IN NET ASSETS ATTRIBUTED TO :</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div>Investment (loss) income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
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              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Net (depreciation) appreciation in fair value</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>(5,084,644</div>
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              <div>)</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>3,498,466</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>2,230,030</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>2,133,824</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>1,985,944</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>1,072,130</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">&#160;&#160;&#160;Total investment (loss) income</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>(2,950,820</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>5,484,410</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>3,302,160</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
              <div>Contributions</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Employer</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>1,079,731</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>1,011,494</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>915,937</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Participant</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>1,900,791</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>1,773,963</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>1,565,096</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Direct rollovers</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>578,498</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>110,789</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>18,522</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">&#160;&#160;&#160;Total contributions</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>3,559,020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>2,896,246</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>2,499,555</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
              <div>&#160;&#160;&#160;Benefits paid to participants</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>9,092,389</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>2,522,143</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>2,177,161</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
              <div>&#160;&#160;&#160;Administrative expenses</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>108,063</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>80,123</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
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            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>(8,592,252</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
              <div>)</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>5,778,390</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
              <div>3,624,554</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
              <div>NET ASSETS AVAILABLE</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">
              <div>&#160;FOR BENEFITS</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
              <div style="font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Beginning of year</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>48,981,090</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>43,202,700</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
              <div>39,578,146</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
              <div>&#160;&#160;&#160;End of year</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
              <div>40,388,838</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
              <div>48,981,090</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
              <div>43,202,700</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">See accompanying notes to the financial statements.</font></div>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 4 </font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div>
    <div>
      <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
      <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
      <div>
        <div style="font-weight: bold;">DECEMBER 31, 2018, 2017 AND 2016</div>
      </div>
    </div>
    <div>
      <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
    <div> <br>
    </div>
    <div style="font-weight: bold;">NOTE A - DESCRIPTION OF PLAN</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The following description of the Culp, Inc. Employees&#8217; Retirement Builder Plan (the &#8220;Plan&#8221;) provides only general information.&#160; Participants should refer to the summary plan description for a more complete description
      of the Plan&#8217;s provisions.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>General</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Plan is a defined contribution plan covering all full-time employees of Culp, Inc. and its subsidiaries (the &#8220;Company&#8221;) who have three months of continuous service and are at least 21 years of age.&#160; Employees who
      elect to participate in the Plan may do so in the next available payroll period.&#160; The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (&#8220;ERISA&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: justify;">On April 1, 2018, the Company acquired Read Window Products, Inc. (Read), a provider of window treatments that offer the sourcing of upholstery fabrics and other products, measuring, and installation services of their
      own products for the hospitality and commercial industries. Eligible employees associated with Read were able to participate in the Plan as of April 1, 2018.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">On June 22, 2018, the company acquired a majority interest in eLuxury, LLC (eLuxury), a company that offers bedding accessories and home goods directly to consumers and businesses through its e-commerce platform.
      Eligible employees associated with eLuxury were able to participate in the Plan as of August 1, 2018.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Contributions</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">Each year, participants may contribute compensation, as defined in the Plan document, subject to certain Internal Revenue Code (&#8220;IRC&#8221;) limitations.&#160; Participants who have attained age 50 before the end of the Plan year
      are eligible to make catch-up contributions.&#160; Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans.&#160; Participants direct the investment of their contributions into
      various investment options offered by the Plan.&#160; The Plan currently offers various registered investment company funds, one common and collective trust fund, and Culp, Inc. common stock as investment options for participants.&#160; The Company makes
      matching safe harbor contributions equal to 100% of the participant&#8217;s contribution up to the first 4% of annual compensation contributed to the Plan.&#160; An employee who is eligible to participate in the Plan, but does not either affirmatively elect to
      decline participation or designate a specified amount to be contributed to the Plan, is required to have their compensation reduced by 2%, which is in turn contributed into the Plan&#8217;s Moderate Allocation Fund.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Additional profit-sharing amounts may be contributed at the option of the Company.&#160; No profit-sharing contributions were made during the years ended December 31, 2018, 2017, or 2016.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Participant Accounts</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">Each participant&#8217;s account is credited with the participant&#8217;s contributions and Company matching contributions, as well as allocations of (a) the Company&#8217;s profit-sharing contributions, (b) Plan earnings, and (c) Plan
      administrative expenses. Allocations are based on participant earnings, account balances or specific transactions, as defined.&#160; The benefit to which a participant is entitled is the benefit that can be provided from the participant&#8217;s vested account.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 5 </font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div>
          <div style="font-weight: bold;">DECEMBER 31, 2018, 2017 AND 2016</div>
        </div>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify;"><u>Vesting</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">Participants are immediately vested in their own voluntary contributions and the Company&#8217;s matching contributions plus actual earnings thereon.</div>
    <div><br>
    </div>
    <div><u>Notes Receivable from Participants</u></div>
    <div>&#160;</div>
    <div style="text-align: justify;">Notes receivable from participants are not permitted by the Plan.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Payment of Benefits</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">Upon termination of service due to death, disability, retirement, or other reasons as defined by the Plan, participants receive a lump-sum distribution equal to the value of the participant&#8217;s vested interest in the
      Plan. In-service distributions may be made to participants who have reached age 59 1/2. Withdrawals from the Plan may also be made upon circumstances of financial hardship, in accordance with provisions specified by the Plan.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Basis of Accounting</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Investment Valuation and Income Recognition</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Plan&#8217;s investments are stated at fair value.&#160; Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
      date. Purchases and sales of securities are recorded on a trade-date basis.&#160; Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation or depreciation includes the Plan's gains and losses on
      investments bought and sold as well as held during the year.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Use of Estimates</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported
      amounts of assets and liabilities and changes therein, and disclosures.&#160; Actual results could differ from those estimates.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Payment of Benefits</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">Benefits are recorded when paid.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 6 </font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div>
          <div style="font-weight: bold;">DECEMBER 31, 2018, 2017 AND 2016</div>
        </div>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify;"><u>Subsequent Events</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Company has evaluated the effects subsequent events would have on the financial statements through June 26, 2019, which is the date the financial statements were available to be issued. No issues were noted which
      would impact the financial statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">NOTE C - FAIR VALUE MEASUREMENTS</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Financial Accounting Standards Board issued a statement that defines fair value and establishes a framework for measuring fair value.&#160; That framework provides a fair value hierarchy that prioritizes the inputs to
      valuation techniques used to measure fair value.&#160; The hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs
      (Level 3 measurement). The three levels of fair value hierarchy are described as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 22.8pt;">Level 1 - Inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date;</div>
    <div style="text-align: justify; text-indent: 22.8pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 22.8pt;">Level 2 - Inputs to the valuation methodology are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value can be
      determined using models or other valuation methodologies; and </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 22.8pt;">Level 3 - Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and the reporting entity makes estimates
      and assumptions related to the pricing of the asset or liability including assumptions regarding risk.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following is a description of the valuation methodologies
      used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy. There have been no changes in the methodologies used at December 31, 2018 and 2017.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Registered Investment Companies</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">These investments are public investment vehicles valued using the net asset value (&#8220;NAV&#8221;) provided by the administrator of the fund.&#160; The NAV is based on the value of the underlying assets owned by the fund, minus its
      liabilities, and then divided by the number of shares outstanding.&#160; The NAV is a quoted price in an active market and classified within Level 1 of the valuation hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Common and Collective Trust Fund</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">This investment is valued using the NAV as a practical expedient and is not classified in the fair value hierarchy. There are no participant redemption restrictions for this investment; the redemption notice period is
      applicable only to the Plan.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 7 </font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div>
          <div style="font-weight: bold;">DECEMBER 31, 2018, 2017 AND 2016</div>
        </div>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify;">The following tables present information for which the NAV per share practical expedient was used:</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;" id="z341b80e2439148e581c2ef6328ea39e6">

          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-top: 2px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0);" colspan="2" rowspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-top: 2px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-top: 2px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-top: 2px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>December 31, 2018</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Redemption</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Frequency (If</div>
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            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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              <div> Unfunded</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
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            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Redemption</div>
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          <tr>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 12%; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Commitments</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Notice Period</div>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;&#160;&#160; <br>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;">&#160;&#160;&#160;&#160;&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; width: 12%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>24 months</div>
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          <tr>
            <td valign="bottom" style="vertical-align: top;" colspan="10">
              <div>
                <div> </div>
              </div>
              <div> </div>
              <div>:</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>December 31, 2017</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Redemption</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Frequency (If</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 12%; text-align: center;">
              <div> Unfunded</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Currently</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">
              <div>Redemption</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Description&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div>Fair Value</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 12%; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Commitments</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">Eligible)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Notice Period</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 12%;"><br>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 47%; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>Stable Value Trust Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div>9,044,554</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; width: 12%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div>N/A</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 12%; border-bottom: 4px solid rgb(0, 0, 0); text-align: center;">
              <div>Daily</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 12%; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>24 months</div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <u>Culp, Inc. Common Stock</u>
    <div><br>
    </div>
    <div style="text-align: justify;">This investment is valued at the closing price reported on the active market in which the individual security is traded. This investment is classified within Level 1 of the valuation hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Plan held 77,948 shares and 78,866 shares of the Company&#8217;s common stock at December 31, 2018 and 2017, respectively. The cost basis of these shares of the Company&#8217;s common stock was $719,891 and $673,867 at
      December 31, 2018 and 2017, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>Money Market Fund</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">This investment is a public investment vehicle valued using $1 for the NAV.&#160; The money market fund is classified within Level 2 of the valuation hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values.&#160; Furthermore, while the Plan believes its valuation methods are
      appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 8 </font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div>
          <div style="font-weight: bold;">DECEMBER 31, 2018, 2017 AND 2016</div>
        </div>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">The following tables present information about assets and liabilities measured at fair value on a recurring basis:</div>
    <div>&#160;</div>
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        <tr>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;" colspan="16">
            <div style="font-family: 'Times New Roman',Times,serif;">Fair Value Measurements at December 31, 2018 using:</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 50%;">
            <div>&#160;</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;">Quoted Prices in</div>
            <div style="text-align: center;"> Active Markets</div>
            <div style="text-align: center;"> for Identical</div>
            <div style="text-align: center;"> Assets</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;">Significant other</div>
            <div style="text-align: center;"> Observable Inputs</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;">Significant</div>
            <div style="text-align: center;"> Unobservable</div>
            <div style="text-align: center;"> Inputs</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 50%;">
            <div>Description&#160;</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
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          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;">Level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="text-align: center;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div style="font-style: italic;">Investments at fair value:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="3">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div>Registered investment companies</div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>32,136,490</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td style="vertical-align: bottom; text-align: center; width: 9%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>32,136,490</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div>Culp, Inc. common stock</div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>1,473,217</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 9%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>1,473,217</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Money market fund</div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>86,206</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>86,206</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Total investments in the fair value hierarchy</div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>33,609,707</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>86,206</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>$</div>
          </td>
          <td style="vertical-align: bottom; text-align: center; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" colspan="1">
            <div>33,695,913</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div style="font-style: italic;">Investments at net asset value:</div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; padding-bottom: 2px;">
            <div>Common and collective trust fund</div>
          </td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
            <div>6,655,744</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; border-bottom: 4px solid rgb(0, 0, 0);" rowspan="1">Total investments at fair value</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">$</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">40,351,657</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
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    </table>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;"><br>
      </div>
    </div>
    <br>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="za1ea919628be4d3ea0f807bd667c91e7">

        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;" colspan="16">
            <div style="text-align: center;">Fair Value Measurements at December 31, 2017 using:</div>
            <div> </div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 50%;">
            <div>&#160;</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;">Quoted Prices in</div>
            <div style="text-align: center;"> Active Markets</div>
            <div style="text-align: center;"> for Identical</div>
            <div style="text-align: center;"> Assets</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;" colspan="2">
            <div style="text-align: center;">Significant other</div>
            <div style="text-align: center;">Observable Inputs </div>
            <div style="text-align: center;"> </div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;">Significant</div>
            <div style="text-align: center;"> Unobservable</div>
            <div style="text-align: center;"> Inputs</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" rowspan="1" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" rowspan="1" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 50%;">
            <div>Description&#160;</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;">Level 2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;">Level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div style="font-style: italic;">Investments at fair value:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div>Registered investment companies</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>37,122,781</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td style="vertical-align: bottom; text-align: center; width: 9%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>37,122,781</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div>Culp, Inc. common stock</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>2,642,011</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 9%;" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div>2,642,011</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Money market fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>130,424</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>130,424</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; text-align: center; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Total investments in the fair value hierarchy</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>$</div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>39,764,792</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>130,424</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div>$</div>
          </td>
          <td style="vertical-align: bottom; text-align: center; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="font-family: 'Times New Roman',Times,serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;" colspan="1">
            <div>39,895,216</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">
            <div style="font-style: italic;">Investments at net asset value:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; padding-bottom: 2px;">
            <div>Common and collective trust fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
            <div>9,044,554</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 50%; border-bottom: 4px solid rgb(0, 0, 0);" rowspan="1">Total investments at fair value</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">$</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">48,939,770</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1" rowspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 9 </font></div>
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  </div>
  <div>
    <div>
      <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
      <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
      <div>
        <div style="font-weight: bold;">DECEMBER 31, 2018, 2017 AND 2016</div>
      </div>
    </div>
    <div>
      <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">NOTE D - EXEMPT PARTY-IN-INTEREST TRANSACTIONS</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Plan investments include shares of the Company&#8217;s common stock. Transactions in the Company&#8217;s common stock also qualify as party-in-interest.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Administrative fees paid directly by the Plan to Raymond James Financial Services for investment advisory and other administrative services were $93,713 and $66,123 during 2018 and 2017, respectively. No administrative
      expenses were paid directly by the Plan to Raymond James Financial Services during 2016.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Administrative fees paid directly by the Plan to Smith Leonard PLLC for audit services were $14,000 during 2018 and 2017, respectively.&#160; No administrative expenses were paid directly by the Plan to Smith Leonard PLLC
      during 2016.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">NOTE E - PLAN TERMINATION</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">NOTE F - TAX STATUS</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Plan has adopted a prototype plan document sponsored by an affiliate of the Plan&#8217;s trustee. The Internal Revenue Service has determined and informed the Plan&#8217;s trustee by a letter dated March 31, 2014, that the
      Plan is designed and in compliance with the applicable requirements of the IRC. The Plan administrator and the Plan&#8217;s tax counsel believe that the Plan is designed and currently being operated in compliance with the applicable requirements of the IRC
      and, therefore, believe that the Plan is qualified, and the related trust is tax-exempt.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">NOTE G - RISKS AND UNCERTAINTIES</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Plan invests in various investment securities.&#160; Investment securities are exposed to various risks, such as interest rate, credit, and overall market volatility.&#160; Due to the level of risk associated with certain
      investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the participants&#8217; account balances and the amounts reported in the
      Statements of Net Assets Available for Benefits.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 10 </font></div>
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    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-style: italic; font-weight: bold;">SUPPLEMENTAL INFORMATION</div>
    <div style="text-align: center; font-size: 12pt; font-style: italic; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-style: italic; font-weight: bold;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <!--PROfilePageNumberReset%Num%11%Page % %-->
    <div>
      <div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">CULP, INC. EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">EIN: 56-1001967</div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">PLAN NUMBER: 001</div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">December 31, 2018</div>
        <div>
          <hr noshade="noshade" align="left" style="height: 6px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
        <div>&#160;</div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; width: 3%; text-align: center;" colspan="1">(a)</td>
            <td style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 1.1%; text-align: center; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1.1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; width: 45%;">
              <div>(b) Borrower, Lessor or Similar Party</div>
            </td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; width: 24%; text-align: center;" colspan="1">
              <div>(c) Description of Investment</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: center;" colspan="3" rowspan="1">
              <div>(d) Cost **</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: center;" colspan="2">
              <div>Value</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 3%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1.1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1.1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 24%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 3%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
              <div>Invesco Stable Value Trust Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">
              <div>6,655,744 units</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>$</div>
            </td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>6,655,744</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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              <div>4,492,287</div>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>3,350,436</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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              <div>1,292,163</div>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>1,053,639</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
              <div>Prudential Jennison Small Company Fund</div>
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>1,027,701</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
              <div>MFS Aggressive Growth Allocation Fund</div>
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
              <div>1,017,171</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">
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            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 45%;">
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            <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; width: 1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; width: 24%; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td style="vertical-align: bottom; text-align: right; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 24%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 24%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 24%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1.1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 45%; font-family: 'Times New Roman',Times,serif;">
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            <td valign="bottom" style="vertical-align: top; width: 24%; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 7%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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            <td style="vertical-align: bottom; width: 3%; font-family: 'Times New Roman',Times,serif; text-align: right;" colspan="1">**</td>
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              <div>Cost information omitted for participant-directed investments.</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 10%; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.1%;" colspan="1">&#160;</td>
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      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">Page 11 </font></div>
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      <div style="text-align: center; font-weight: bold;"> <br>
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      <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX<br>
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                <div style="text-align: center;"><u>Exhibit Number</u></div>
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                <div style="margin-left: 45pt;"><u>Exhibit</u></div>
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                <div>&#160;</div>
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                <div>&#160;</div>
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                <div>&#160;</div>
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                <div><a href="a52004092ex23_a.htm">23A</a><br>
                </div>
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              <td style="width: 70%;">
                <div><a href="a52004092ex23_a.htm">Consent of Independent Registered Public</a></div>
                <a href="a52004092ex23_a.htm"> </a>
                <div><a href="a52004092ex23_a.htm">Accounting Firm in connection with the</a></div>
                <a href="a52004092ex23_a.htm"> </a>
                <div><a href="a52004092ex23_a.htm">registration statement of Culp, Inc. on Form</a></div>
                <a href="a52004092ex23_a.htm"> </a>
                <div><a href="a52004092ex23_a.htm">S-8 (File No. 33-13310).</a></div>
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<DOCUMENT>
<TYPE>EX-23.A
<SEQUENCE>2
<FILENAME>a52004092ex23_a.htm
<DESCRIPTION>EXHIBIT 23.A
<TEXT>
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    <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXHIBIT 23A</div>
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    <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
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    <div style="font-family: 'Times New Roman',Times,serif;">The Retirement Committee of the</div>
    <div style="font-family: 'Times New Roman',Times,serif;">Culp, Inc. Employees&#8217; Retirement Builder Plan</div>
    <div style="font-family: 'Times New Roman',Times,serif;">High Point, North Carolina</div>
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    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">We consent to the incorporation by reference in the Registration Statement No. 33-13310 on Form S-8 of our report dated June 26, 2019, with respect
      to the financial statements and schedules of the Culp, Inc. Employees&#8217; Retirement Builder Plan included in this Annual Report on Form 11-K for the years ended December 31, 2018, 2017, and 2016.</div>
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    <div style="font-family: 'Times New Roman',Times,serif;">/s/ Smith Leonard PLLC</div>
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    <div style="font-family: 'Times New Roman',Times,serif;">High Point, North Carolina</div>
    <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;">June 26, 2019</div>
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